As expected troubled cosmetics player Revlon has amended it bank
credit agreement as a means of securing its short-term stability
after the company chose to withdraw its much maligned Vital
Radiance cosmetic line for old women.
In an open letter to members of the Parlux executive board, Glenn
Nussdorf, who has a 10.5 per cent stake in the company, has made
his point clear that he believes the proposed sale of the Perry
Ellis license agreement is 'not...
Parlux Fragrances says it has received a request from a shareholder
for approval to increase ownership in the company, the latest turn
in a series of events that has seen the company's share tumble more
than six-fold in the space...
Shareholders are demonstrating their dislike of the recent action
taken by Parlux Fragrance executive by filing a succession of
lawsuits claiming that company insiders had misled shareholders by
issuing misleading statements.
As Parlux Fragrances CEO Ilia Lekach withdraw his share buyout
offer on the back of pressure from shareholders, investor
confidence in the company is sending share prices into a dramatic
fall, which is likely to spell take-over bids.
Parlux Fragrances CEO Ilia Lekach has made an unsolicited offer to
buy back the company shares at $29 in a bid to take the company
private and fend of the threat of short-term investors.
Cosmetics giant Estée Lauder has been accused of artificially
inflating its share prices in a lawsuit filed by shareholders who
claim they were tricked into investing in the struggling company.
BASF's hostile takeover bid for leading personal care supplier
Engelhard is looking more likely after it was acknowledged that the
Germany-based chemicals giant has been allowed to look at sections
of Engelhard's accounts.
Nextera Enterprises has acquired niche cosmetics producer Woodridge
Labs for $23.5m in cash, as part of the company's plans to expand
its presence into key areas of the fragmented personal care market.
The CEO of Parlux has capitalized on the recent success of the
company he heads by cashing in on shares he owned indirectly in the
business, gaining a cool $11.67 million in the process.
Procter & Gamble's board of directors has unanimously agreed to
propose the declassification of its board structure and annual
election of directors to its shareholder AGM in October, a move
make it more accountable to shareholders.
Consolidation in the flavor industry evident as US flavor house
Technology Flavors & Fragrances announces its merger with
fellow flavor firm FFG Industries.
The owners of the Gesparal Holding company, the Bettencourt family
and Nestlé, are to become direct shareholders of L'Oréal. The
company, which currently owns 53.8 per cent of L'Oreal's Capital
and 71.7 per cent of...
German beauty care company Henkel has accepted a takeover offer
from US consumer goods giant Procter & Gamble for its 6.86 per
cent stake in German haircare company Wella, the company said on
Friday. P&G has been in control...
Swiss supplier of fragrance ingredients Givaudan has decided to
start a new share buy back programme of up to 800,000 registered
shares - representing 10 per cent of the share capital, announced
the board of directors this week.
Procter & Gamble Germany Management today announced results
from the initial tender offer for Wella shares. P&G has now
acquired a total of 9.69 per cent of the registered share capital.
German pharmaceutical group Henkel has acquired a stake of 6.86 per cent in the
share capital of Wella. Through a subsidiary, the group obtained
4.99 per cent of the common shares and 10.38 per cent of the
preferred non voting shares.
